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What are the drivers and opportunities for the Wireless Audio market?

05-26-2020 08:37 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MarketsandMarkets

Factors such as surge in the global demand for infotainment devices, rise in use of wireless audio devices in commercial sector, and increased R&D expenditure by OEMs for the development of new and advanced wireless audio devices are fueling the growth of the wireless audio device market.

Among technologies, the Bluetooth+Wi-Fi segment of the wireless audio device market is projected to grow at the highest CAGR in terms of value during the forecast period.
The integration of Wi-Fi and Bluetooth technologies on a single IC leads to the development of cost-effective and compact wireless audio devices. Consumers are demanding uninterrupted connectivity to different devices from their smartphones. Bluetooth, global positioning system (GPS), and Wi-Fi, among other technologies, increase the utility of smartphones by offering them high-speed connectivity. As such, manufacturers are incorporating these connecting technologies in their smartphones to develop compact and cost-effective phones.

Download PDF Brochure @
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1275

The consumer application segment of the wireless audio device market in APAC is projected to grow at the highest CAGR in terms of value during the forecast period.
Wireless audio devices such as headphones and headsets are used in consumer electronics such as smartphones, computers, and gaming consoles. Rising adoption of technologically-advanced smartphones has led to an increased demand for wireless headphones and headsets in APAC. These smartphones can also be used to play music wirelessly through speaker systems and soundbars.

The wireless audio device market in India is projected to grow at the highest CAGR in terms of value during the forecast period.
The consumer electronics sector in India has witnessed substantial growth over the last few years. This sector plays a significant role in the economy of the country and provides employment to a huge part of its population. Rising individual income level, increasing foreign direct investments, and growing government impetus with Make in India initiative have led to the growth of the consumer electronics sector in India, thereby leading to the growth of the wireless audio device market in the country.

More Information @
https://www.marketsandmarkets.com/Market-Reports/wireless-audio-device-market-1275.html

Key players operating in the wireless audio device market are Apple Inc. (US), HARMAN International Industries Inc. (US), Bose Corporation (US), Sonos Inc. (US), Sony Corporation (Japan), DEI Holdings, Inc. (US), Sennheiser Electronic GmbH & Co. KG (Germany), VIZIO, Inc. (US), VOXX International Corporation (US), Plantronics Inc. (US), Ossic Corporation (US), Phazon (Canada), Trüsound Audio (US), Jam (US), Earin (Sweden), Human (US), Bragi (Germany), Jaybird (US), Devialet (France), and Dali A/S (Denmark).

Mr. Aashish Mehra
MarketsandMarkets(TM) INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

MarketsandMarkets(TM) provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets(TM) for their painpoints around revenues decisions.

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